Steel Drums Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Steel drums market is accounted for $7.44 billion in 2017 and is expected to reach $13.45 billion by 2026 growing at a CAGR of 6.8%.

Gaithersburg, Maryland, United States - March 8, 2019 /MarketersMedia/ —

High sustainability & eco-friendliness of steel drums and the ability to be reconditioned or recycled for reuse is propelling the market growth. However, volatility in raw materials prices is hampering the market. In addition, escalating dyes is creating and demand for paints is providing ample opportunities

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Steel drums are used for packaging of liquids, semi-solids as well as powders. Steel drums perform remarkably well in an extensive range of temperatures, pressure, and humidity, while maintaining their structural integrity irrespective of heat and flame, without any leakage or spillage. Steel drums remain unaffected by the thermal shocks and are less likely to implode when proper work conditions are maintained, these conditions for handling steel drums depend on the drum contents.

On the basis of material types, the Stainless Steel segment due to stainless steel is an alloy of iron with a minimum of 10.5% Chromium. Chromium produces a thin layer of oxide on the surface of the steel known as the 'passive layer'. Stainless steel also contains varying amounts of Carbon, Silicon, and Manganese. By geography, Asia Pacific is accounted due to while exporters are preferring steel drums for bulk packaging, it is more likely that steel drums would encounter lucrative opportunities in the non-hazardous materials packaging and transport section owing to their attributes facilitating the shipment.

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Some of the key players in Steel drums market include are Grief Inc, Sicagen India Ltd, Nippon Steel & Sumikin Drum Techno Co., Ltd, Peninsula Drums Cc, Carrick James G & Co, Industrial Container Services (ICS), Patrick J. Kelly Drums, Inc, Milford Barrel Co. Inc, Enviro-Pak Inc, Meyer Steel Drum, Great Western Containers Inc, Schutz Container Systems, Inc, Mauser Group B.V., Balmer Lawrie & Co. Ltd., Eagle Manufacturing Company, Clouds Drums Dubai LLC, Orlando Drum & Container Corporation, and Fibrestar Drums Limited.

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Capacities Covered:
Up to 10 Gallons
10- 30 Gallons
30- 50 Gallons
50-80 Gallons
80 Gallons and above

Head Types Covered:
Open head
Tight head

Material Types Covered:
Cold rolled steel
Carbon steel
Hot Rolled Steel
Stainless Steel

End-Users Covered:
Agriculture
Food & Beverages
Building and construction
Healthcare and Pharmaceuticals
Paints & Dyes
Oils & Lubricants
Chemicals and solvents
Other End Users

Regions Covered:
North America
o US
o Canada
o Mexico
Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
South America
o Argentina
o Brazil
o Chile
o Rest of South America
Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

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Release ID: 489974